Tds deduction & entry of service provider

1) Journal Voucher

2) It should be deducted at the time of Making the entry.

1) Journal Voucher entry should be selected. And following is the Journal Entry to record the Service Provider's Invoice in the Books of Accouts :-

Expense A/c               Dr.      

  To Service Provider A/c

  To Service Tax Input A/c

2)TDS on payment should be deducted on Credit or Payment whichever is earlier.

Regards,

Devendra Kulkarni

Journal Voucher shoould be used for making entry..

& also deduct the TDS @ the time of entering JV itself or making payment whichever is earlier @ the prescribed rate

If i m not wrong thn entry should be-

Expense A/c               Dr.        

Service Tax Input A/c  Dr.

  To Service Provider A/c   
   To  TDS A/c
 

make me correct if i m wrong.......

Thanks

Originally posted by : Gaurang Dandiwala
	Journal Voucher shoould be used for making entry.. & also deduct the TDS @ the time of entering JV itself or making payment whichever is earlier @ the prescribed rate

     Thanks for yours' valuable replies......!!!

I Think Entry Will be Passed as Follow....

Expenses A/c Dr-                                            (Under Group Direct Expenses)

               To Service Provider A/c -                 (Under Group Creditor)

                To TDS A/c                     -                  (Under Statutary Libility)

( Being entry Passed Twds Services Provided by Service Provider, Vide Invoice No-.... Dt-  )

Tds Will be Deducted on Payment or Bill Which Ever is earlier

Journal Entry Will be Passed for Service Tax Input Credite -

Service Tax Payble A/c  Dr-                        (Statutary Liablity)

                    To Expenses A/c -                     (Direct Expenses)

(Being Service Tax Input credit on Service Bill of M/s........... Invoice No....... Dt-    )

a tour operator charged membership fee  for 10 years and service tax is included in it.so what will be the journal enteries for the first and second year.service for the rest 9 years are yet to be provided.membership fee charged 1000000 for ten years and service tax charged at the rate of 12.36%
 

Agree with Sachin Rajput